Crypto.com and KG Inicis Partner to Expand Crypto Payments in South Korea

Highlights:

• Crypto.com and KG Inicis have teamed up to enhance digital asset payments.
• The partnership enables foreign travelers to spend crypto for payments in South Korea.
• KG Inicis processes over 400 million yearly transactions, giving the rollout a rapid commercial reach.

Crypto exchange Crypto.com has partnered with KG Inicis, the largest payment gateway and value-added network provider in South Korea. This collaboration will enable foreign tourists visiting South Korea to transact using digital assets across a broad network of merchants.

KG Inicis handles over 400 million transactions annually, serving almost 190,000 affiliated merchants. Crypto.com Pay will be incorporated into this vast merchant network as a part of the collaboration. This will enable merchants to have access to cheaper and faster transactions. They will be able to receive their payments immediately, either in fiat currencies or digital assets, while customers will enjoy the added flexibility of payment options and find it easier to use their digital assets.

https://t.co/vCNztATkNg is partnering with KG Inicis, the largest Payment Gateway and Value Added Network provider in South Korea, to enable digital asset payments for foreign travellers via https://t.co/vCNztATkNg Pay.

Read more here: https://t.co/mcQ9Cifnce pic.twitter.com/zAsSMFRkO7

— Crypto.com (@cryptocom) March 17, 2026

Scaling Digital Asset Payments for International Travellers

The collaboration between Crypto.com and KG Inicis is targeted at foreign travellers. These visitors will be in a position to spend their crypto assets in South Korea, making their experience more convenient. The introduction of Crypto.com Pay will also open up digital asset payments to clients in K-commerce platforms, extending beyond physical payments.

President and COO of Crypto.com, Eric Anziani, stated,

“KG Inicis has a robust network of merchant acceptances, which cover 40% of the market. This collaboration will enable greater flexibility for our users, allowing them to access crypto payments better and giving new opportunities in the Korean market.”

A representative at KG Inicis commented, “A payment infrastructure that connects the digital assets and the real economy will become a priority in the competitiveness of future finance and commerce industries.”

Crypto.com Deepens Its Ties Within the Korean Market

Crypto.com and KG Inicis are already looking into the future. They plan to broaden the scope of their partnership with the introduction of new business ventures. These could be joint marketing activities, co-branded goods, and other creative services that will cater to the increased demand in South Korea. These plans will, however, rely on compliance with the local regulatory frameworks.

The collaboration is part of the continued efforts by the firm in the Korean market. The company has already received local licenses and registered as a Virtual Asset Service Provider (VASP) in the region. Moreover, Crypto.com has launched a localized trading application, further cementing its presence in the country.

In October last year, Crypto.com collaborated with Travel Wallet to expand crypto services within the region. That agreement covered prepaid card services and also included a promotion on a stablecoin pegged to the Korean won.

https://t.co/vCNztATkNg has signed a Memorandum of Understanding with Travel Wallet to expand digital payment and cryptocurrency services in South Korea.

Read more 👉 https://t.co/wQBl6LMnTq pic.twitter.com/b4XtClhmM6

— Crypto.com (@cryptocom) October 21, 2025

Moreover, this collaboration is timely, considering that the South Korean government has been working to regulate digital assets. A bill referred to as the Digital Asset Basic Act is under development. The proposed bill seeks to establish clear regulations for crypto platforms, stablecoins, and exchange-traded funds.